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| [March 13, 2013] |
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O3b Networks and Interactive E Solutions Ink $100m Deal to Revolutionize Broadband Connectivity Across Pakistan
ST. HELIER, Jersey & ISLAMABAD, Pakistan --(Business Wire)--
With the launch of the first four satellites in O3b
Networks' satellite fleet only 78 days away, O3b announced today a
strategic agreement with Pakistan's largest ICT company Interactive
Esolutions. Using multiple O3b beams to provide coverage of the entire
country, Interactive will be providing a full suite of services in
Pakistan, including trunking services to underserved regions, cellular
backhaul for mobile operators and enterprise and e-government services
across the country.
O3b Networks will deliver fiber-like speed at sub 150 millisecond
latency and affordable prices, opening the door to new applications and
growth opportunities for customers in Pakistan.
Mr. Shahid Mahmud, Chairman/CEO Interactive Group said, "We are
extremely excited about this agreement as we strongly believe that the
Pakistani market offers immense appetite for bandwidth and data. Our
customer base varies from Telecom operators to large and small
enterprise across the country. We anticipate great demand in the Oil &
Gas sector, Health, Education, Shipping and Government sectors. We are
hapy that Interactive will be contributing to the growth of broadband
through this state of the art technology. We firmly believe that
together we will usher in a new era of Internet usage proliferating the
positive effects of connectivity amongst the people of Pakistan."
"We are honored to support Interactive Group in continuing their history
of technical innovation and service to Pakistan," said Steve Collar,
CEO of O3b Networks. "Pakistan, with its burgeoning population and
growing economy is in desperate need for state of the art communications
infrastructure. By overcoming the geographical hurdles presented by
mountainous terrain, working together with Interactive we can ensure
that broadband connectivity is available across the entire country."
O3b's unique eight satellite, Medium-Earth-Orbit fleet enables
affordable, high-speed connectivity in places where traditional
satellite and fiber offerings are unavailable or extremely costly.
About Interactive E Solutions, JLT (an Interactive Group Company)
Interactive Group is the leading ICT provider in Pakistan and provides a
vast portfolio of products and services in the ICT domain to the public
and corporate sector in Pakistan. Interactive has undertaken large
telecommunications infrastructure project like establishing Paktel
Limited with Cable & Wireless; now Zong (News - Alert) a China Mobile a cellular
company, first Nationwide VSAT networks for the Public sector, free to
air TV channels over satellite; National Police ICT infrastructure;
building tens of data centers; a public safety network that
interconnects all the police stations in Pakistan amongst others.
Interactive Group's Ultimate purpose is "To solve pressing issues of
society" by leveraging technology to address the challenges of the 21st
century.
About O3b Networks Limited
O3b Networks Limited is a global satellite service provider building a
next-generation satellite network for telecommunications operators,
Internet service providers, and enterprise and government customers in
emerging markets. The O3b system will combine the global reach of
satellite with the speed of a fiber-optic network providing billions of
consumers and businesses in nearly 180 countries with low-cost,
high-speed, low latency Internet and mobile connectivity. O3b Networks'
investors include SES, Google (News - Alert), Liberty Global, HSBC Principal
Investments, Northbridge Venture Partners, Allen & Company, Development
Bank of Southern Africa, Sofina, Satya Capital and Luxempart. O3b
Networks is headquartered in St. Helier, Jersey, Channel Islands.

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